BTC/USD Test 28309 Target: Technical Analysis by Sally Ho – May 11, 2023
Bitcoin (BTC/USD) Suffers Extra volatility already Asian session moves back as a pair more than this 28000 graphs and tested this 28309.29 classone Upside Price Target related to recent buying pressure surrounding 27279.66 and 27500 field.The trader initially pushed Bitcoin/USD arrive 28334.75 area after price target used to be violationand stop Too more than elected this 27988.46 period area riseone Upside Price Target Link to Require That strengthen surrounding 27500 area.additional Upside retracement level Included in the most recent depreciation 28428, 28564, 28700, 28741, 28868, 29243and 29299 field.important Buy and Sell Event recently occurred on 29298.31 period area depreciationone Upside Price Target Link to buying pressure That Increase surrounding 28122 area.
above the market, Upside Price Target related to recent buying pressure surrounding 27194.51 and 28161.74 Fields include 30420.74, 31237.11and 32556.73 levels. downside price target related to recent Depreciation range and grade include 26533, 26085, 25604and 24103 levels. additional Upside Price Target include 31477.37, 32501.23, 32989.19, 34583.96, 34658.69, 35222.66, 37765.28and 38403.97 levels. Another important price target Is 31846.88 area, a grade that represents 50% retracement of Depreciation range from 48233.76 arrive 15460. Traders observed that 50 bar MA (4 hours) yes Pessimistically indicate below this 200 bar MA (4 hours) and more than this 100 bar MA (4 hours). also, 50 bar MA (hourly) yes pessimistically show the following this 100 bar MA (hourly) and the following this 200 bar MA (hourly).
Price activity closest to 100 moving average (4 hours) at 28491.23 and 100 moving average (hourly) at 28255.89.
technical support Estimated surrounding 26533.04/ 25604.51/ 25094.62 and stop The expectations are as follows.
technical resistance Estimated surrounding 31986.16/ 32989.19/ 34658.69 and stop above expectations.
exist 4 hours chart, Slow K yes Bullish above SlowD although MACD yes Bullish above MACDAverage.
exist 60 minutes chart, Slow K yes Bullish above SlowD although MACD yes Bullish above MACDAverage.
Disclaimer: Sally Ho’s technical analysis is provided by a third party and is for informational purposes only. It does not reflect the views of Crypto Daily and is not intended to be used as legal, tax, investment or financial advice.